Barclays Cuts PayPal (NASDAQ:PYPL) Price Target to $80.00

PayPal (NASDAQ:PYPL) had its target price lowered by research analysts at Barclays from $110.00 to $80.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Barclays‘s target price indicates a potential upside of 32.80% from the company’s current price.

Several other research analysts have also recently commented on the company. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Macquarie upped their target price on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Arete Research set a $81.00 target price on PayPal in a research report on Thursday, March 27th. Finally, Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Sixteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.84.

PayPal Trading Down 2.8 %

Shares of PayPal stock opened at $60.24 on Tuesday. The company has a market cap of $59.59 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.27 and a beta of 1.60. PayPal has a 1 year low of $55.85 and a 1 year high of $93.66. The company’s fifty day simple moving average is $68.87 and its 200-day simple moving average is $79.40. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that PayPal will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PayPal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the fourth quarter worth about $25,000. Hurley Capital LLC bought a new stake in shares of PayPal in the fourth quarter worth $27,000. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in PayPal during the 4th quarter worth about $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.